Beijing Jeep plans to build economy model

BEIJING — Beijing Jeep Corp. Ltd. reveals plans to build an economy-model Jeep Cherokee. The new model, set to debut in August, will carry a price tag of about RMB100,000 (US$12,270), which the Chinese market should find attractive, says Zhu Yunde, BJC general manager.
The automaker says the new Cherokee will contain a higher percentage of locally made parts and components, but Beijing Jeep did not divulge other details about the new model. Industry observers, however, believe the new ...

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